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☆ CSOP Asset Management discusses ETF listing on the Singapore Exchange
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsset management firm explains how its SGX ETF listing would differ from its other China index fundsDing Chen of CSOP Asset Management says it's a "significant milestone" between Singapore's and China's capital markets.

☆ INDIA RUPEE Rupee may open slightly lower, risks falling below key support
▼ + stars: | 2022-12-22 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 22 (Reuters) - The Indian rupee is likely to open marginally lower against the U.S. currency on Thursday, weighed by persistent dollar demand from importers and rise in oil prices. The rupee is expected to be around 82.85-82.88 at open, compared with 82.81 in the previous session. It looks like it will be another session where help will be needed to prevent the rupee from falling below 83, a trader at a Mumbai-based private bank said. Public sector banks have been regularly selling dollars lately, when rupee falls near to 82.85-82.90 levels. Asian currencies were mostly higher, while the dollar index was down to 103.98 on the back of the positive.

☆ INDIA RUPEE Rupee likely to slip as U.S. data stokes higher rates worry
▼ + stars: | 2022-12-12 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 12 (Reuters) - The Indian rupee was expected to weaken at the open on Monday as the U.S. dollar and Treasury yields ticked higher as U.S. data late last week affirmed the need for higher interest rates. "Equity outflows are a visible headwind (to the rupee), likely given optimism on China," Barclays wrote in a note. The dollar index was back above the 105-level, while the benchmark Treasury yields were at 3.5820%, having jumped 9 basis points on Friday. Data, on that day, showed U.S. monthly producer prices rose 0.3% in November, higher than expected, with October figures revised upwards, suggesting interest rates would remain higher for longer. In India, November CPI data is due after market hours, which likely cooled to a nine-month low of 6.40%, a Reuters poll showed.

☆ INDIA RUPEE Rupee eyes stronger opening on subdued dollar, oil prices
▼ + stars: | 2022-12-08 | by ( Anushka Trivedi | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 8 (Reuters) - The Indian rupee was expected to open slightly stronger against the U.S. currency on Thursday, amid weaker oil prices and as the dollar dropped overnight on growth concerns in the world's top economy. The partially convertible rupee was seen around 82.30-82.35 per dollar in the opening trades, compared to its previous close of 82.47. Monitoring debt and equity inflows will be key, but the rupee could head towards 82.50-levels, the trader added. Several executives at top U.S. banks this week have warned about this possibility. Meanwhile, the Reserve Bank of India hiked the key repo rate by 35 basis points (bps) to 6.25% on Wednesday but sounded more hawkish than market expectations about fighting inflation.

☆ INDIA RUPEE Rupee likely to fall after robust U.S. data sparks rate hike fears
▼ + stars: | 2022-12-06 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Dec 6 (Reuters) - The Indian rupee is expected to open lower versus the dollar on Tuesday after better-than-expected U.S. data rekindled worries on how high the Federal Reserve will hike rates. The rupee is projected to open at around 81.90 per U.S. dollar, weaker than the 81.79 closing in the previous session. The rupee has in the last two sessions declined despite a host of positive cues. The rise in Treasury yields and expectations that the Reserve Bank of India will deliver a smaller rate hike on Wednesday may push rupee forward premiums to new multi-year lows. The RBI will raise interest rates by a smaller 35 basis points to 6.25% in December, according to economists polled by Reuters.

☆ SGX discusses capital markets and climate risks
▼ + stars: | 2022-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Not completely obvious' that capital markets have kept pace with climate risks: Singapore ExchangeMichael Syn of the Singapore Exchange says "the anxiety at COP27 was much higher than at COP26."

☆ There is no better energy security than the energy you produce in your own country, says MSCI
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is no better energy security than the energy you produce in your own country, says MSCIHenry Fernandez of MSCI discusses the energy crisis, while Loh Boon Chye of SGX Group discusses the company's sustainability efforts.

The rupee is tipped to open at around 80.65-80.70 per dollar, up from the previous session's close of 80.7950. The local currency jumped 2% last week in its best gain in almost four years. The rupee has already corrected more than 3% from record lows and "then you have to consider oil prices", the trader said. Asian currencies began the week on a positive note, keeping up the momentum fuelled by softer-than-expected U.S. inflation data. The data has prompted traders to calibrate again the pace of Fed rate hikes.

☆ INDIA RUPEE Rupee seen surging above 81/USD on rising bets of Fed pivot
▼ + stars: | 2022-11-11 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Nov 11 (Reuters) - The Indian rupee is expected to jump against the dollar on Friday, after softer-than-expected U.S. inflation prompted bets that the Federal Reserve will pivot to a slower pace of rate hikes. The dollar index and Treasury yields plunged, while U.S. equities soared on signs that inflation was turning a corner. read moreThe relief on the inflation reinforced the likelihood that the Fed will opt for smaller rate hikes from its December meeting onwards. Fed Chair Jerome Powell had signalled after the November policy decision that a moderation in the size of hikes was possible. The dollar index dropped 2%, its biggest decline in many years.

MUMBAI, Nov 3 (Reuters) - The Indian rupee is tipped to decline against the dollar on Thursday, after U.S. Federal Reserve Chair Jerome Powell noted that interest rate hikes might have to rise more than what was previously expected. The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session. "Based on the reaction of U.S. bond and equity markets to Powell's remarks, rupee, like the rest of Asia, will struggle at open," a trader at a Mumbai-based bank said. It was "very premature" to discuss when the Fed might pause its increases, Powell added. ING Bank pointed out that Powell highlighted an important distinction between the pace of rate hikes and what will be the ultimate, or terminal, rate level.

MUMBAI, Nov 2 (Reuters) - The Indian rupee is expected to open little changed to the dollar on Wednesday as traders look for the U.S. Federal Reserve's views on the path forward for rates. The rupee is tipped at around almost the same levels in early trading as the previous session's close of 82.6950. "If the Fed's thinking is it may be early to give that signal, expect a gap down on rupee tomorrow." Fed futures now point to an almost even chance of whether the U.S. central bank's next move will be a 50 bps or 75 bps hike. "Yet we expect the Fed to remain data dependent and emphasize cumulative policy rate tightening over any step down in pace."

MUMBAI, Oct 25 (Reuters) - The Indian rupee is expected to open slightly lower versus the dollar on Tuesday after the offshore Chinese yuan tumbled to a lifetime low. The rupee is tipped to open at around 82.74-82.76 per U.S. dollar, compared with 82.6750 on Friday. Meanwhile, the dollar index dipped in Asia trading, adding to is recent losses on bets that the U.S. Federal Reserve will deliver a small rate hike in December. If it were not for yuan, the rupee would have had "had a decent opening" considering the "slightly less" hawkish Fed outlook, a trader at a Mumbai-based bank said. Another fall in India's foreign exchange "is probably another problem" for the rupee, the trader said.

LONDON, Oct 21 (Reuters) - It's not the first time the 145-year-old London Metal Exchange (LME) has found itself in crisis. Register now for FREE unlimited access to Reuters.com RegisterMarch brought Nickel Crisis II, a much scarier update of the original, and now we have the unfolding Russian Metal Crisis. It's perilous legal territory and would have a significant impact on LME price and physical premiums. Meanwhile, CME's (CME.O) cobalt contract has steadily built up liquidity since its end-2020 launch even as activity in the LME's contract has steadily dwindled. Disgruntled funds have already voted with their feet, the collective departure causing LME trading volumes to slide by 6% over the first nine months of this year.

MUMBAI, Sept 29 (Reuters) - The Indian rupee is expected to open higher against the U.S. currency, after the Bank of England's decision to buy long-dated British bonds prompted a pullback in Treasury yields and the dollar index. The rupee is seen at around 81.60-81.65 per dollar in early trades, up from a record closing low of 81.94 on Wednesday. The dollar index tumbled on Wednesday, Treasury yields fell sharply and U.S. equities recovered after the BoE took measures to stop the rout in the U.K. bond market. The dollar index fell the most in more than two years on Wednesday, as risk aversion eased. The 10-year Treasury yield dropped to near 3.70%.

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